So CAV (constant angular velocity) is an encoding format for laser disks. When something is written with CAV, it is basically analogue data and therefore repeating patterns can be recognized on the disk.
The legible text seen in the microscope images happens because of the combination of LaserDisc recording a raw and uncompressed encoding of the analog video signal, the way that LaserDisc used CAV to store an integer number of frames per track so that the image data for corresponding on-screen locations of subsequent frames would be aligned at the same radial position on the disc, and the credits scrolling vertically at constant speed.
If LaserDisc had used a digital encoding (especially a compressed encoding), the data on disc may still have had discernible patterns but the text would not necessarily have been legible. If it had used CAV but not stored a whole number of frames per track, then temporal and spatial locality on screen would not have corresponded so well to spatial locality on disc. And the vertically-scrolling credits are pretty much the only kind of content that can produce the recognizable and legible images on the disc surface.
I think the fact that the aspect ratio of the text came out approximately right probably is a consequence of the scrolling speed of the credits being chosen to suit the vertical resolution of the video. If the text had appeared squished in the microscope, it would probably have been moving too fast on screen to be clearly legible.